ELECTRICITE TECHNIQUE SECURITE: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
ELECTRICITE TECHNIQUE SECURITE
Largest movements
- Receivables within one year -€41,845
down €41,845 (-19.1%), from €219,238 to €177,394
of which Trade receivables: -€52,228
- Cash +€37,624
up €37,624 (+2,157%), from €1,744 to €39,368
mainly Other debts (+€47,613) and Receivables within one year (+€41,845)
- Tangible fixed assets -€17,474
down €17,474 (-84.7%), from €20,628 to €3,154
of which Other tangible fixed assets: -€10,800
- Deferred charges and accrued income +€8,878
up €8,878 (+58.9%), from €15,064 to €23,941
- Stocks and contracts +€5,545
up €5,545 (+52.4%), from €10,575 to €16,120
- Trade debts -€62,757
down €62,757 (-51.1%), from €122,734 to €59,977
- Other debts +€47,613
up €47,613 (+61.6%), from €77,277 to €124,890
- Profit (loss) carried forward +€36,546
up €36,546, from -€34,863 to €1,683
- Tax, wage and social debts -€12,619
down €12,619 (-24.0%), from €52,480 to €39,860
of which Taxes: -€21,276
- Debts after one year -€9,985
down €9,985 (-32.0%), from €31,207 to €21,222
- Gross operating margin +€220,647
up €220,647 (+65.2%), from €338,332 to €558,979
- Staff costs +€108,295
up €108,295 (+28.4%), from €380,829 to €489,123
- Other operating charges +€7,561
up €7,561 (+46.0%), from €16,422 to €23,983
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €269,050 | €265,678 | -€3,372 | -1.3% |
| Fixed assets | 21/28 | €22,428 | €8,854 | -€13,574 | -60.5% |
| Tangible fixed assets | 22/27 | €20,628 | €3,154 | -€17,474 | -84.7% |
| Plant, machinery and equipment | 23 | €6,041 | €1,667 | -€4,374 | -72.4% |
| Furniture and vehicles | 24 | €3,787 | €1,487 | -€2,300 | -60.7% |
| Other tangible fixed assets | 26 | €10,800 | - | -€10,800 | |
| Financial fixed assets | 28 | €1,800 | €5,700 | +€3,900 | +217% |
| Current assets | 29/58 | €246,621 | €256,823 | +€10,202 | +4.1% |
| Stocks and contracts in progress | 3 | €10,575 | €16,120 | +€5,545 | +52.4% |
| Stocks | 30/36 | €10,575 | €16,120 | +€5,545 | +52.4% |
| Amounts receivable within one year | 40/41 | €219,238 | €177,394 | -€41,845 | -19.1% |
| Trade receivables | 40 | €184,471 | €132,243 | -€52,228 | -28.3% |
| Other amounts receivable | 41 | €34,767 | €45,150 | +€10,383 | +29.9% |
| Cash at bank and in hand | 54/58 | €1,744 | €39,368 | +€37,624 | +2,157% |
| Deferred charges and accrued income | 490/1 | €15,064 | €23,941 | +€8,878 | +58.9% |
| Total equity and liabilities | 10/49 | €269,050 | €265,678 | -€3,372 | -1.3% |
| Equity | 10/15 | -€26,803 | €9,743 | +€36,546 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,863 | €1,683 | +€36,546 | |
| Amounts payable | 17/49 | €295,853 | €255,935 | -€39,918 | -13.5% |
| Amounts payable after more than one year | 17 | €31,207 | €21,222 | -€9,985 | -32.0% |
| Financial debts | 170/4 | €31,207 | €21,222 | -€9,985 | -32.0% |
| Amounts payable within one year | 42/48 | €264,646 | €234,713 | -€29,933 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €12,155 | €9,985 | -€2,170 | -17.9% |
| Trade debts | 44 | €122,734 | €59,977 | -€62,757 | -51.1% |
| Suppliers | 440/4 | €122,734 | €59,977 | -€62,757 | -51.1% |
| Taxes, remuneration and social security | 45 | €52,480 | €39,860 | -€12,619 | -24.0% |
| Taxes | 450/3 | €21,276 | - | -€21,276 | |
| Remuneration and social security | 454/9 | €31,204 | €39,860 | +€8,656 | +27.7% |
| Other amounts payable | 47/48 | €77,277 | €124,890 | +€47,613 | +61.6% |
| Remuneration, social security and pensions | 62 | €380,829 | €489,123 | +€108,295 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,108 | €5,675 | -€433 | -7.1% |
| Other operating charges | 640/8 | €16,422 | €23,983 | +€7,561 | +46.0% |
| Gross operating margin | 9900 | €338,332 | €558,979 | +€220,647 | +65.2% |
| Operating profit (loss) | 9901 | -€65,027 | €40,199 | +€105,225 | |
| Financial income | 75/76B | €185 | €34 | -€150 | -81.4% |
| Recurring financial income | 75 | €185 | €34 | -€150 | -81.4% |
| Financial charges | 65/66B | €4,075 | €3,357 | -€719 | -17.6% |
| Recurring financial charges | 65 | €4,075 | €3,357 | -€719 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€68,917 | €36,876 | +€105,794 | |
| Income taxes | 67/77 | €904 | €330 | -€574 | -63.5% |
| Profit (loss) for the period | 9904 | -€69,822 | €36,546 | +€106,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,822 | €36,546 | +€106,368 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.